Create and lodge Company Tax Return to Australian Taxation Office (ATO)
Many small companies prepare their own accounts and use Zoho Books - next step after producing P&L, BS, Cash Flow, BAS (Zoho reports) is to submit Company Tax Return to the Australian Taxation Office. A tax return is relatively easy for small businesses (e.g. assets, liabilities totals and COS/expenses) but you need to either use another accounting system which has SBR (Standard Business Reporting) functionality with machine credentials into the ATO or fill in the PDF (paper) version of the return.
Please consider or let us know if this in development (ATO information https://softwaredevelopers.ato.gov.au/sbr).
Zohoers - please vote for this critical company reporting by pressing the '3 votes' button :)
Deborah
shared this idea
-
Deborah
commented
The whole point of Zoho books is to track your finances and pay your taxes - yes it produces BAS but this is half what we need to do as small businesses who operate as a company - we need to be able to put in a simple tax return with assets liabilities COGS expenses - we don't need the other components like overseas income etc. Please help.